Reply With Quoteit is beneficial in some case but i think it can also be harmful for your trade like if you use stop loss in a trade it will be collected on that point, but if we make more confidence then we can get the flucations of market
do you use trailing stop ?
Trailing stop
this very useful tool it help's us to keep our profit but i think many of traders don't give importance to this tool
What about you do you use this tool ?
it is beneficial in some case but i think it can also be harmful for your trade like if you use stop loss in a trade it will be collected on that point, but if we make more confidence then we can get the flucations of market
yes of course i set stop loss but if i can watch market then i do not set stop loss for that trade.
yes it is really nice but as you discuss that this thing and this strategy is not famous in Forex market because dont have experience and way to use it....so that's why seniors can give knowledge to others here
this tool is beneficial in forex trading but i never used this tool in my trading as i prefer to use take profit and stop loss in every trade because i had found these tools to be the best.
i do not use trailing stop but it is good thing if we use it by this way we can save our profit if our trade have at any time rather then close our trade in loss.
brother in my point of view u have use this tool when you have less knowledge about trading and market movement then it is good for u and when u have not use it u have earn a lot of loss
I trade with Bprimes and I love to trade with currencies. If you were to speculate that the USD was going to drop in value compared to the Euro, you would buy the EUR/USD and wait for it to start rising. This is called going long. If you thought the dollar would gain in value compared to the Euro, you would go short on the EUR/USD pair. All of this trading is done through forex brokers. A forex brokerage is an intermediary that takes on your trade and puts it on the open market.
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It is important to know that a fixed trailing stop is an advanced entry order designed to move a stop forward a specified amount of pips after a position has moved in your favor. Traditionally fixed trailing stops are used in conjuncture with a trending market strategy, to lock in profits on an extended move. Traders maximum time face issues with their brokers at the time of using trailing stop. Trade12 is an ECN broker free of dealing desk, reqoutes and slippage and you can smoothly run trading indeed.
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